Investing in Solar Stocks

This week the Ivanpah Solar Electric Generating System started up in the Mojave Desert, 45 miles southwest of Las Vegas, Nevada, making it the largest in the world. It stretches for five square miles and has 350,000 mirrors, each the size of a garage door sitting atop 459 foot towers. The mirrors reflect sunlight to boilers that create steam that runs turbines, which in turn, produces electricity.

The complex cost $2.2 billion dollars and is owned jointly by NRG Energy, Google and Bright Source Energy. It produces 400 megawatts of electricity, enough energy for 140,000 homes.

The solar energy sector has been growing steadily, with 6,100 companies employing 140,000 people. Employment in the sector is expected to increase by 20% a year.

Here are several of the most active stocks in this sector(Barchart.com)
Canadian Solar Inc. (CSIQ) Recent price is $37.62 52 week high/low is $43.60/$3.12 EPS is $-.81 Market Cap is $1.74 B. The company produces solar modules, ingots, wafers and solar cells for on/off grid. It also produces specialty items including solar powered bus stop systems, portable home systems and battery chargers. It has operations in North America, Europe and Asia.

Solarcity Corp (SCTY) Recent price $74.00 52 week high/low is $79.86/$15.88 EPS is $-2.25 Market Cap is $5.79 B The company creates solar power efficiency, solar electric vehicle design and markets services to homeowners, businesses, schools, non-profit organizations and government agencies.

Sunpower Corp. (SPWR) Recent price is $32.64 52 week high/low is $36.25/$9.00 EPS is $.89 PE ratio is 28.61 Market Cap is $3.96 B. The Company has a proprietary system that produces all back contact silicon cells that produce more power per square foot than conventional cells.

Jinkosolar Holding Co. Ltd. (JKS) Recent price $30.03 52 week high/low is $37.98/$3.96 EPS is $-3.70 Market Cap is $668.47 M. The company produces vertically integrated solar products from recovered silicon materials. Included are solar cells, modules and wafers. Distribution is throughout North America Europe and Asia.

China Synergy (CSUN) Recent price is $5.70 62 week high/low is $10.19/$1.25 EPS is $-7.97 Market Cap is $84.65 M The company is a leading manufacturer of solar products in China. It uses a photolytic effect to convert sunlight directly into electricity.

Trina Solar Ltd. (TSL) Recent price is $14.78 52 week high/low is $17.84/$3.31 EPS is $-2.49 Market Cap is $1.17 B China based, the company is one of a few that has a vertically integrated business model for the production of monocrystaline ingots, wafers and cells. Their management team is from 6 different countries. It has partnerships from Switzerland, Italy and Germany providing technology information.

First Solar (FSLR) Recent price is $53.17 52 week high/low is $64.99/$24.46 EPS is $5.40 PE ratio is 9.79 Market Cap is $5.19 B The company manufacturers solar modules using an advanced thin film semiconductor process that lowers solar electricity costs.

JA Solar Holding Inc. (JASO) Recent price is $9.61 52 week high/low is $12.80/$3.37 EPS is $-4.45 Market Cap is $415.73 M The company manufacturers high performance solar cells and distributes them to module manufacturing companies that integrate the cells into modules.

The above discussion is neither a recommendation to buy nor to sell these securities. You must always do your own diligent research.

3 Responses to Investing in Solar Stocks

  1. […] @ Investing Money writes Investing in Solar Stocks – The solar energy sector has been growing steadily as a need for new sources of power grows. […]

  2. […] @ Investing Money writes Investing in Solar Stocks – The solar energy sector has been growing steadily as a need for new sources of power grows. […]

  3. […] @ Investing Money writes Investing in Solar Stocks – The solar energy sector has been growing steadily as a need for new sources of power grows. […]